After an unforgettable debut last year, Baidu.com spent the next few months deflating but really nowhere in particular. Recently though, it gapped up on a massive volume spike and it has surprisingly stayed aloft while the general market has gone to hell in a handbasket.

And this week it actually broke above its multi-month channel. Although it does have some resistance at these and higher levels, they are not that recent so I don’t think they will have a large effect. If BIDU can continue to act with the relative strength that it has shown up till now, I think we can expect some great things in the weeks and months to come.